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14 Year Old Forex Trader's Lessons

  • #3,761
  • Oct 31, 2011 4:58am Oct 31, 2011 4:58am
biology exam returned with multiple choice answers returned, essay questions not yet. no % given yet and i see a 85% going on the tables... i gotta reread biology, one of my weak subjects.

gonna do english now.
Have I got something on my face, SOLDIER?
  • #3,762
  • Oct 31, 2011 5:59am Oct 31, 2011 5:59am
Buma

From now on you and I not trouble anymore, I think we are gaining a bad reputation.:

From now on we going to be nice to eveyone

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,763
  • Oct 31, 2011 6:03am Oct 31, 2011 6:03am
Quoting mla
Buma

From now on you and I not trouble anymore, I think we are gaining a bad reputation.:

From now on we going to be nice to eveyone

mla
i used to say nice gets you nowhere in life. hehe
bad reputation? no, man. i have self-dignity and the self respect that i know my reputation is far from bad.

well lets hold our tongue. and you mostly man hold the bag of vomit stuff for later... i use facts to kill people nicely. no swear words just cold hardcore facts that makes them feel pushed ot the edge for what they truly are, they defend and they feel scared.

well its not like WE are the ones bullying.

gotta go pray my evening prayers now.

my same long is now just -20 pips.
net profit always positive around the $20s
Have I got something on my face, SOLDIER?
  • #3,764
  • Oct 31, 2011 6:07am Oct 31, 2011 6:07am
Quoting bumapatria
i used to say nice gets you nowhere in life. hehe
bad reputation? no, man. i have self-dignity and the self respect that i know my reputation is far from bad.

well lets hold our tongue. and you mostly man hold the bag of vomit stuff for later... i use facts to kill people nicely. no swear words just cold hardcore facts that makes them feel pushed ot the edge for what they truly are, they defend and they feel scared.

well its not like WE are the ones bullying.

gotta go pray my evening prayers now.

my same long is now just...
Ok, you convinced me, I am not going to be nice.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,765
  • Oct 31, 2011 6:19am Oct 31, 2011 6:19am
Quoting mla
Ok, you convinced me, I am not going to be nice.

mla
back from prayer,


hahaa mla lol. we'll be nice to nice people.
it sucks to try and be all nice to people who are skeptical of who you are what you believe and scrutinize you.

my self dignity tells me not to let that go and let them have the pleasure of seeing me destroyed, because, I only destroy myself.
Have I got something on my face, SOLDIER?
  • #3,766
  • Oct 31, 2011 6:34am Oct 31, 2011 6:34am
Quoting bumapatria
back from prayer,


hahaa mla lol. we'll be nice to nice people.
it sucks to try and be all nice to people who are skeptical of who you are what you believe and scrutinize you.

my self dignity tells me not to let that go and let them have the pleasure of seeing me destroyed, because, I only destroy myself.
I agree with you mostly.

I am going to switch off now, I had a very intense day with this 1 m TF.
It feels good, I am going to trade it for a week on my micro account and then will see.
I am happy for you that your first day live is in black, I wish that for you every day.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,767
  • Oct 31, 2011 6:41am Oct 31, 2011 6:41am
Quoting mla
I agree with you mostly.

I am going to switch off now, I had a very intense day with this 1 m TF.
It feels good, I am going to trade it for a week on my micro account and then will see.
I am happy for you that your first day live is in black, I wish that for you every day.

mla
virgoans and aquarians are alike
m1, that is looking at so many bars lol hahaha...
i only had 3 trades today. that 20 pip long that the stop loss caught 1+? yeah that and the 100 pip short, and the buy hedge. all profit so far.

oh yeah just for fun here is the demo results after last weeks presumed losses.
it was data for whole of last week. just saying.


not a single loss.
i will try emulate those results live.
Attached Image (click to enlarge)
Click to Enlarge Name: not a single loss.JPG Size: 96 KB
Have I got something on my face, SOLDIER?
  • #3,768
  • Oct 31, 2011 6:46am Oct 31, 2011 6:46am
Quoting bumapatria
no i am not physically tired. i was sleeping at around 11-12pm woke up 3 am around there.

its spiritual with me and God i believe, mla.
trading is not the case, i believe. its not trading related.

its my life, and an effect to what i have done and not done.
What god?
  • #3,769
  • Oct 31, 2011 6:56am Oct 31, 2011 6:56am
Quoting bumapatria
virgoans and aquarians are alike
m1, that is looking at so many bars lol hahaha...
i only had 3 trades today. that 20 pip long that the stop loss caught 1+? yeah that and the 100 pip short, and the buy hedge. all profit so far.

oh yeah just for fun here is the demo results after last weeks presumed losses.
it was data for whole of last week. just saying.


not a single loss.
i will try emulate those results live.
You do not have to show anything to anyone my friend and vice versa.
You do not have to convince anyone but yourself.

Bee good, we going to make a lot of pips tomorrow and if we dont will be exactly the same.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #3,770
  • Oct 31, 2011 7:23am Oct 31, 2011 7:23am
Quoting mla
You do not have to show anything to anyone my friend and vice versa.
You do not have to convince anyone but yourself.

Bee good, we going to make a lot of pips tomorrow and if we dont will be exactly the same.

mla
if we dont make pips tommorow i blame u and goldman. why? for fun i love that icon now in 2nd place to my favorite

Goldman, lets move on from the paralysis thing i hope i wont have it again tonight. not great feeling
Have I got something on my face, SOLDIER?
  • #3,771
  • Oct 31, 2011 8:04am Oct 31, 2011 8:04am
taking a long on euro/gbp with 0.01
sort of another hedge but on another pair.

h1 shows previous resistance on h1. and some demand level there on rectangle. massive rejection.

my bailing out would mean exiting if current low is penetrated next hour close.

speaking equity its fine. if i lose the two hedges its locking the running $22.40 profit i have.

using a venus pluto period and looks promising. so far.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur gbp long.gif Size: 18 KB
Click to Enlarge Name: daily lookout.gif Size: 25 KB
Have I got something on my face, SOLDIER?
  • #3,772
  • Oct 31, 2011 9:30am Oct 31, 2011 9:30am
marked blue area is where price resisted +5 times and possibly becomes great support. TP for eur gbp long is a tad below supply

eur usd short term little mini supply looks real busted. so tp to next significant supply as well.

again, either way it goes i make profit.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: heaven.gif Size: 27 KB
Have I got something on my face, SOLDIER?
  • #3,773
  • Oct 31, 2011 9:40am Oct 31, 2011 9:40am
Hi there

My first post here.

Trade Well buddy

Regards
Jonathan
  • #3,774
  • Oct 31, 2011 9:45am Oct 31, 2011 9:45am
Quoting N_Trader
Hi there

My first post here.

Trade Well buddy

Regards
Jonathan
hey man glad to see you here, new addition to the family. We accept analysis of all kinds, weird ones and exotic styles of TA and FA are welcome. Respectful arguments are okay, no swearing for insults, only for jokes. or for exaggeration and more creative vocabulary use hehee...

I vouched for you reason on your profile.
Have I got something on my face, SOLDIER?
  • #3,775
  • Oct 31, 2011 11:39am Oct 31, 2011 11:39am
I didnt see this one coming at all. Usually server updates shouldn't have this sort of thing alas its my fault for my ignorance. I usually trade 0.02, after the server update it is straight away 1.00. i didnt look of course its usually set the way it is. and obviously why would i overleverage that much? i closed the trade as fast as i can i didnt care if it couldve been profit, it was an unprecedented gamble. now i am -$258.88. from deposit. which is like 25%. I must control my anger and my negative emotions and just continue.

To repair a loss that huge, on a 0.02 lot if i just make 50 pips a day, that is $10. i need 200 days to recover it. Pissed? yes, but that wont help it by continuing to be pissed. its sad really i worked hard on that short of 100 pips i closed it, i wanted to sell once more, yet it becomes 1.00. i just cant believe it. should this happen? of course not.

i doubt a complaint would get me anywhere.
i need to work 250% back. 50 pips no more errors. no losses. i still cant believe this kind of thing happens.

Black swan. a 30% gain of 800 would be enough of $240. but thing is how am i going to get 30% in one month without overleveraging? $8 a day. that would mean i have to step up and use 0.03 and earn 26 pips minimum a day.
Have I got something on my face, SOLDIER?
  • #3,776
  • Oct 31, 2011 11:46am Oct 31, 2011 11:46am
you had to get out as fast as you could, otherwise you could have lost your whole account.

You may want to get your broker to cap your leverage if it is possible, this means if you make a mistake again it wont execute the trade.

I did something like this once, opened up a 800,000 unit trade instead of a 80,000.
  • #3,777
  • Oct 31, 2011 11:48am Oct 31, 2011 11:48am
Quoting highlander2
you had to get out as fast as you could, otherwise you could have lost your whole account.

You may want to get your broker to cap your leverage if it is possible, this means if you make a mistake again it wont execute the trade.

I did something like this once, opened up a 800,000 unit trade instead of a 80,000.
by accident.. or on purpose? hehehe..
but good i am emotionally capable to get angry for 2 minutes and get over it.
Have I got something on my face, SOLDIER?
  • #3,778
  • Oct 31, 2011 11:49am Oct 31, 2011 11:49am
a trade im in, still demo.

took a 1/3 off at +20 approx
Attached Image (click to enlarge)
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  • #3,779
  • Oct 31, 2011 11:51am Oct 31, 2011 11:51am
Quoting bumapatria
by accident.. or on purpose? hehehe..
but good i am emotionally capable to get angry for 2 minutes and get over it.
typo when filling out the order, took me a second or 2 to work out what had happened.
  • #3,780
  • Oct 31, 2011 11:59am Oct 31, 2011 11:59am
initiated 0.03 and 0.04 on euro usd and euro gbp.


long term demand looks crushed in euro gbp looking for 8580, and in euro usd looking for 3827. it is pretty demanding but as a swing trader you gotta be patient and careful at same time too. all are next fibonacci retracement levels.

no stop losses, i will trigger that manually. losses at 5%, ill bail.
eurbgp break looks really violent so i will leave them out and no more trades except these 2.
if they hit 30 pips + i will use the profit stop loss strategy i do.

possible gains: 85 pips on euro would mean $25.5
48 pips on eur gbp would mean $30.72.

Total possible gain of TP getting hit would mean: $55.72.
that is already a quarter of the way back to my deposit.

ratio of 1:10 of scenario falling into pieces 7.5/10. thats just a ratio i used.

ATR ratio of possibility when it will hit minimum = tommorow, maximum 2 days.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: fixed.gif Size: 35 KB
Have I got something on my face, SOLDIER?
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